PepsiCo, Inc. $PEP Holdings Trimmed by Cooper Financial Group

Cooper Financial Group lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,467 shares of the company’s stock after selling 648 shares during the period. Cooper Financial Group’s holdings in PepsiCo were worth $458,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. boosted its position in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at $55,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $142.31 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $194.83 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.61 and a beta of 0.46. The business’s 50-day simple moving average is $144.39 and its 200-day simple moving average is $139.50. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Royal Bank Of Canada reduced their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Citigroup cut their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $157.87.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.